Binary options meaning – trading for beginners
If you are a beginner who wants to venture into binary options trading with IQ Option, the trading world can be a confusing mess. A key question you can be asking yourself is “What is binary options?” and “How to trade this instrument?“. Binary options trading is significantly different from other forms of trading and requires a different kind of approach. This article breaks the ground on binary options meaning.
What is binary options?
The word “binary” literally means involving two things. Typically, all you need to do is to forecast either “Call” or “Put” scenarios. Binary options trading involves only two investment probabilities for you to forecast, and then select between either of them.
A call option refers to placing a trade while forecasting that the price of a financial asset will rise. On the other hand, a put option refers to placing a trade while predicting that the price of the asset will fall.
You will also need to set the time, which the trade will occur, after which it “expires”. Expiry times can be as low as 60 seconds to as high as 30 days.
If your prediction is right, you can earn lucrative profits, even as high as 91%. Sounds interesting?
How to start trading
Binary options trading is an easy and lucrative way to earn money online. To start trading with IQ Option, you need to set up your trading account.
Opening a binary options account at IQ Option is easy and straightforward. After filling the simple registration form on the broker’s website and submitting the required identity documents, you’ll be up and running.
Furthermore, the broker offers several secure and comfortable deposit methods you can use for funding your account, consisting of wire transfer and other electronic payment methods.
Better still, if you are not comfortable trading on your own, you can open a demo account, and sharpen your trading skills before engaging in live trading conditions. The demo account will also assist you familiarize yourself with the IQ Option platform and its other offerings without risking any of your hard-earned money.
If you have questions, such as “What is binary trading” or “What is binary options meaning”, you can contact the broker’s supportive multilingual customer department where you can instantly get comprehensive answers from qualified representatives.
How to make money trading
Primarily, to make money trading binary options with IQ Option, you need to ensure you make correct trade decisions, out of the two possible scenarios. You need to make successful trade entries. One of the best ways of earning profits consistently from binary options trading is to develop a robust trading strategy, which will guide all your trading decisions.
Luckily, IQ option has an extensive range of education materials you can use to master the art of successful trading, including videos, articles, webinars, and eBooks. You can also ask your allocated dedicated account manager to assist you develop a winning technique of trading binary options. To trade binary options with IQ Option, you will start by selecting an asset you intend to invest in, let’s take an example of the Google stock. If you predict the price of the stock will rise in the next 60 minutes (you simply choose the amount of money you wish to invest, the time frame like 60 minutes, and asset type), the results of these actions can lead to returns of 91%.
Still wondering on binary options meaning? Open an account right away and start experiencing the benefits of binary options trading.